Recently, Pump.fun has regained its dominant position as an issuance platform on the Solana chain, resulting in a significant drop in the price of BONK, which has led to a noticeable decline in trading volume and market share for BONK_fun. Many traders have lost confidence, and liquidity has begun to flow out. The development team is already preparing remedial measures to stabilize the situation.

Market Performance

In July, BONK initially surged by 80%, but this month has already retraced about 13%, with market sentiment shifting from 'frenzied chasing high prices' to 'locking in profits'.

On August 6, Pump.fun's 24-hour trading volume soared to $100.7 million, while BONK_fun only reached $70.6 million.

Pump.fun continues to attract users by constantly launching new tokens and conducting buyback operations.

Response from Bonk_fun

Launched the Points Tab feature to enhance interaction.

However, Pump.fun still occupies nearly 90% of the trading volume on the Solana memecoin launchpad.